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Real Estate
Reply to "Property Values in Alexandria [If the new entertainment district gets built]"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I am just furious over using tax dollars for this. Youngkin sucks so hard. [/quote] There aren't any tax dollars- they are issuing a bond and then paying for it through a TIF. That increment financing is how a lot of public works/ development gets funded nowadays. There is a difference between baseline tax revenue if nothing gets done vs the higher tax revenue after an expensive development. The TIF siphons this off to pay for the development to happen in the first place There are no free lunches. . . . but this is about as close as you can get[/quote] What happens if the tax revenues from the stadium are not sufficient to service the P&I from the hundreds of millions in debt that Alexandria is on the hook for? [/quote]
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